XRP and BTC Holders Targeted by Cloud Mining Yield Promotions

1 hour ago 1 sources neutral

Key takeaways:

  • Promotional cloud mining yields signal potential scams; regulatory scrutiny likely as MiCA claims unverifiable.
  • XRP ETF inflows $110M but price drop to $1.36 highlights sell-the-news and leveraged long risk.
  • Legitimacy concerns around XRPPower and EX DeFi warrant caution despite purported compliance.

Two promotional campaigns are targeting XRP and BTC holders with cloud mining and yield contract offers, while market data shows mixed signals for XRP. The first platform, XRPPower, describes a four-step onboarding process requiring only an email address. It claims users can pay contract fees with XRP, BTC and other mainstream digital assets, with advertised examples including a $1,000 seven-day contract paying $13.20 daily and a $10,000 twenty-day contract paying $153 daily. The platform also promotes a $21 new user bonus and referral rewards of 3% plus 2%, alongside security claims involving two-factor authentication, multi-signature wallets, cold/hot wallet isolation, DDoS protection and WAF technology. XRPPower says it has attracted more than 3 million registered users across 180 countries since launching in 2023.

Separately, EX DeFi is promoting sustainable energy-based cloud mining contracts to XRP holders. The platform claims compliance with European frameworks including MiCA and MiFID II, annual audits by PwC, custodial insurance through Lloyd's of London, and enterprise security from Cloudflare and McAfee. EX DeFi advertises contracts for BTC, DOGE and LTC, with examples such as a $1,000 ten-day BTC contract paying $13.40 daily and a $10,000 thirty-day BTC contract paying $161 daily. New users are offered a $17 trial bonus.

The promotional push coincides with notable XRP market activity. XRP's 24-hour trading volume reached approximately $3 billion, while U.S. spot XRP ETFs recorded about $110 million in weekly net inflows through August 30, the highest weekly figure since 2026. Despite that demand, XRP's price pulled back to around $1.36. Analysts cited profit-taking, whale portfolio changes and leveraged liquidations as likely factors, with recent XRP long positions totaling approximately $48 million. The content is presented as third-party promotional material and should not be considered an endorsement of the advertised yield or mining products.

Disclaimer

The content on this website is provided for information purposes only and does not constitute investment advice, an offer, or professional consultation. Crypto assets are high-risk and volatile — you may lose all funds. Some materials may include summaries and links to third-party sources; we are not responsible for their content or accuracy. Any decisions you make are at your own risk. Coinalertnews recommends independently verifying information and consulting with a professional before making any financial decisions based on this content.